Pro Basketball News

Russia's richest man a step closer to owning Nets (sportsline.com)

The richest man in Russia is another step closer to owning the New Jersey Nets. Mikhail Prokhorov's Onexim Sports and Entertainment Holdings and the development company that owns the Nets announced on Wednesday that they had completed their agreement to create a partnership for owning the NBA team and developing the Atlantic Yards project in New York City.